NVIDIA CorporationSpaceX's orbital data centers will be powered by Nvidia chips, creating significant demand for Nvidia's products.
SpaceX has set a launch date for its plan to run AI data centers in orbit, with CEO Elon Musk announcing that the first AI satellites, powered by Nvidia chips, will start launching in the final quarter of 2027 and reach real scale in 2028. Each satellite is designed to function as a data center in space, and SpaceX eventually aims to fly as many as 1 million of these satellites. While startups like Starcloud are also pursuing orbital data centers, SpaceX holds a unique advantage: it owns the rockets that rivals depend on to reach orbit. This advantage becomes critical in 2029, when Falcon 9 rideshare slots are expected to dry up as SpaceX shifts to Starship, potentially leaving competitors without launch options. SpaceX's second-quarter fiscal 2026 earnings showed revenue of $7.8 billion, up 92% year-over-year, with adjusted EBITDA of $3.5 billion, up 191%, and capital expenditures of about $18.4 billion. The company holds around $100 billion in cash and expects to reach a $100 billion annualized revenue run rate by the end of 2026, with an internal projection for $1 trillion in revenue moved up to 2030. Analysts have a consensus "Moderate Buy" rating on SpaceX stock, with a mean price target of $217.85, reflecting 54% potential upside.
NVIDIA CorporationSpaceX's orbital data centers will be powered by Nvidia chips, creating significant demand for Nvidia's products.
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Space Exploration Technologies Corp. Class A Common StockSpaceX's earnings, revenue growth, and analyst price target are highlighted, indicating strong financial performance and upside.
SpaceX's ownership of rockets gives it a critical advantage over Starcloud, which depends on SpaceX for launch services.